Adani Power Q4 results: Net profit jumps 64% to ₹4,271 crore, year-on-year revenue remains flat

NSE filing showed that the company recorded a 64% rise in net profits to ₹4,271 crore in the fourth quarter of the financial year ended 2025-26, compared to ₹2,599 crore in the same period a year ago, as per the consolidated financial statements.

The filings also showed that Adani Power’s revenue from core operations remained flat, dropping 0.10% to ₹14,233 crore in the January to March quarter, compared to ₹14,237 crore in the same period a year ago.

Adani Power’s earnings per share (EPS) rose to ₹2.08 apiece in Q4, compared to ₹1.32 per share in the same quarter of the previous financial year.

Factors behind PAT rise

Adani Power’s net profits after tax rose primarily due to the surge in the company’s other income and the drop in fuel costs in the March quarter.

The consolidated statements showed that the company’s other income skyrocketed 492% to ₹1,766 crore in the fourth quarter of the year ended 2025-26, compared year-on-year with ₹298 crore in the same period a year ago.

Although the total expenses for the company rose nearly 3% YoY to ₹11,605 crore in the fourth quarter, compared to ₹11,274 crore in the same period a year earlier, the drop in fuel expenses for the company supported its profit growth.

Adani Power’s fuel cost for the March quarter witnessed a 0.28% fall to ₹7,895 crore, compared YoY to ₹7,918 crore in the same period a year ago. The consolidated statements also showed that the company received a ₹538.99 crore refund from the government authorities pertaining to earlier years, as per the NSE filings.

Adani Power share price

Adani Power shares closed 1.82% lower at ₹219.28 after Wednesday’s stock market session, compared to ₹223.35 at the previous market close, according to NSE data. The company announced its Q4 results after the market hours on April 29.

Shares of Adani Power have delivered more than 1,022% returns on their investment in the last five years, over 384% returns in the last three years, and 98.49% returns in the last one year period.

On a year-to-date basis, Adani Power shares have risen 46.41% in 2026, and have gained 41% in the last one month period. The company’s stock was trading more than 1% higher in the last five market sessions on the Indian stock market.